In a move that is widely being interpreted by the industry as CEO Travis Kalanick's stepping aside from Uber, Kalanick has gone on a leave of absence, the return date of which has not been declared.

A
management committee of the company has been given the duty of
managing the affairs of the company in
Kalanick's absence.

In
Focus

This
comes after the company was
left red-faced a number of times for
reasons
which
aren't even
worth mentioning.

Also,
this is not just any other leave. As per a report in Bloomberg, once
Kalanick returns, Uber will appoint an independent chair in order to
put a check on Kalanick's influence. Apparently, this means that
Kalanick's influence on the decisions that Uber takes will not be
the
same
post his
return.

This comes after the company
had employed Eric Holder, a former US Attorney General to conduct a
probe into allegations of sexual harassment at Uber.

Holder
has given extensive recommendations to the company in order to create
a better and safer work culture at the company. The recommendations
also include reducing alcohol use at work events as well as
prohibiting intimate relationships between employees and their
bosses.

The
recommendations have been unanimously approved
by the company's board. The board has also fired Emil Michael, the
company's head of business.

Kalanick,
in a mail written to the employees of his company has defined this
part of Uber's journey as Uber 2.0 but that does not erase the fact
that Uber
has had to lose
many important members of the company's management after scandals
of sexual harassment at the company emerged.

Add
to that the fact that despite increasing revenue, the company has
been making losses ranging in hundreds of millions of dollars.

What
remains to be seen is how Uber 2.0 fares in
Kalanick's absence, something which shall be under close scanner of
many.